Hellenic Telecom Organization (OTCMKTS:HLTOY) Sees Large Volume Increase - What's Next?

Key Points

• Hellenic Telecom reported a strong quarter, beating estimates with $0.23 EPS vs $0.12 expected and revenue of $1.08B vs $853.3M, while showing a ~14% net margin and 30.7% return on equity.
• Analyst sentiment is positive: Morgan Stanley reiterated an overweight rating and the consensus analyst rating on the stock is Buy.
• Trading and valuation snapshot: about 4,604 shares traded on Monday (down 29% from the prior session), last price $10.70, market cap $8.74B, P/E 15.2 and a low beta of 0.22.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 4,604 shares traded hands during trading, a decline of 29% from the previous session's volume of 6,449 shares.The stock last traded at $10.70 and had previously closed at $10.6950.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an "overweight" rating on shares of Hellenic Telecom Organization in a research note on Friday, January 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy".

Hellenic Telecom Organization Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.64 and a current ratio of 0.65. The firm's 50 day simple moving average is $10.11 and its 200 day simple moving average is $9.90. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 15.20 and a beta of 0.22.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.12 by $0.11. Hellenic Telecom Organization had a net margin of 13.97% and a return on equity of 30.71%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $853.33 million.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA OTCMKTS: HLTOY, also known as OTE Group, is the primary provider of telecommunications and digital services in Greece. The company offers a comprehensive suite of solutions that includes fixed-line telephony, mobile communications under the COSMOTE brand, broadband internet access via fiber and ADSL networks, and pay-TV services through its COSMOTE TV platform. In addition, OTE Group delivers enterprise-focused ICT offerings such as cloud computing, data center operations, cybersecurity, managed network services and system integration.

Established in 1949 as Greece's state telecommunications monopoly, OTE Group began a gradual privatization process in the late 1990s, which culminated in a majority stake acquisition by Deutsche Telekom.

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